Hafnia Ltd

Seascale Energy . There can be no assurance that we will make a profit or that Seascale Energy can compete with other marine fuel providers in the market. There is a risk that Seascale Energy could be negatively affected by a reduction in the demand for marine fuels or other changes to the supply and demand for marine fuel services. 26 Table of Contents We have purchased approximately 13.97% of TORM plc for investment purposes and are evaluating potential strategic purposes. There can be no assurance that we and TORM plc will pursue, enter, or consummate a potential transaction, and there are several risks associated with the negotiation, completion, and timing of any potential transaction. On September 11, 2025, we entered into a sale and purchase agreement with OCM Njord Holdings S.a.r.l. for the acquisition of 14,156,061 Class A Shares of TORM plc ( TORM , CSE ticker code TRMD A , NASDAQ ticker code TRMD ) for the price of USD 22 per share or USD 311,433,342 in aggregate. The acquisition was completed on December 22, 2025. Please refer to Item 4. Information on the Company A. History and Development of the Company Acquisition of shares in TORM plc for further information on our acquisition of shares in TORM. As disclosed in the Schedule 13D filed with the SEC on December 22, 2025 and as further detailed in Item 4. Information on the Company A.